- JPMorgan Chase reports first-quarter profit of $6.5 billion or $1.59 a share.
- Net revenue came in at $25.8 billion
- The consensus estimate among analysts was EPS of $1.39 on revenues of $25.86 billion.
JPMorgan Chase moves into the lucrative market for high-spending travelers with a card that offers rewards for shared-economy services like Airbnb, Lyft and Uber.
Earlier this year, dozens of cash-squeezed oil producers announced billions of dollars of planned asset sales. Problem is, nobody was interested. Now, seemingly everyone is.
The markets await a closely-watched speech from Federal Reserve Chair Janet Yellen in Jackson Hole, Wyoming, later today.
JPMorgan Chase Chief Economist Anthony Chan expects the Fed chief to strike a flexible tone in terms of the timing of the next interest rate hike in her Friday speech.